Buying Expensive Bike Gadgets & Cars - Remember Weekly Talks!
ฝัง
- เผยแพร่เมื่อ 1 ต.ค. 2024
- In this video I talk about how I go about buying expensive products like bike, car and even expensive smartphones and what I feel about the new EMI culture and easy finance culture and I share my personal experience on this topic.
My earlier weekly talks that I had posted on Geekyranjit channel • Weekly Tech Talks
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Found the old playlist for the Weekly Talks that I used to do earlier th-cam.com/play/PLtIc4giS3RKNVKfKyreTii5Qq8NNIol6y.html
BTW do let me know what you feel about these kinds of videos, should I occasionally continue to post these kinds of videos?
Which funds did you invest in?
yes why not
Sir what about buying laptop on emi.
Hello sir , sir can u please do a long term review for realme 9 pro + please 🙏🙏
We need
Your biggest mistake was interviewing Guruji 5 years ago where you stepped down to a lower pedestal and gave all the limelight to such a malicious guy who eventually ruined the tech community. Youth today is influenced by such selfish, dishonest and materialistic influencers because their intentions were not challenged in time by the people who had the power to do so rather almost everyone wanted to be friends with the kid with the fancy toys. I have always admired your honesty and sincerity, it feels sad that people today dont understand the value of the gold which you can provide them all because they are blinded by the bling.
Real People still value him , Ranjit has his own set of followers who are here purely for the content and not for any giveaways or any gimmicks.
Technical guruji ??
@@santacloud91 yeah
Bro, you could never be more right. It's a shame to see many samples who make a mockery of the tech review community while on the other side we have GeekyRanjit with the truth and completely honest views.
A very great truth about youtube community
That many undeserving People get sucess while the hard workers eventually are forgotten down the stream .
Yes. I agree with you. Go for the product which you can buy by paying all at once. Because of that one product, if you have to compromise on other things then that product is not worth it.
💯 it is so satisfying to pay my favourite stuff in a single payment 😇
Depends on what is product is, to be honest.
This man taught me more about needs and wants than my marketing teacher in less than 20 minutes
Marketing's job is to make everything look like a necessity XD
As a 20 year old kid, this video deeply resonated with me and was an epiphany for me. You could say it opened my eyes. It's true, my friends are getting latest and greatest smartphones and laptops, bike and even some of them have cars. For the note, I'm lucky to be born in a well to do family so I also have this stuff but there is a desire to get the latest shiniest stuff on the market. And I think this will help me manage funds much better in the future and save me and others who listened to you carefully from debt traps from this experience you shared❤️.
I have a request, can you make a video on money management and savings?
I was about to ask that..
When youtubers (influencers) are generally influencing you to buy what you desire, here is someone actually looking out for your benefit. Never thought I would watch the whole video - kudos sir for the thoughtful content toward your subscribers!!
In short, jitna chaadar hai utna hi pair failao. If not today, tomorrow you will have the money to fulfill your dreams.... work hard fulfill your necessities and then fulfill your dreams.
I can totally relate to this story... I was roaming around in my mid twenties looking for a job with only a diploma in my hand, because that was the maximum my family could afford at that time. Now, I'm 49, and I have much more experience in the automotive sector than anyone else.
Ab mere paas gaadi hai, ghar hai, Maa bhi hai... all because of MY hardwork and spending wisely. From assembling engines to becoming the GM of the same company in which I slogged day and night, I have come a long way and I'm in tears when I recollect this... from a small house without curtains in Kolkata, I'm in a 4BHK house in Chennai. From borrowing a bike from my cousin for a day to driving my own Compass, I have come a long way.
And yes, I have fortunately followed all the things you have mentioned in your video... Even if this video doesn't get the reach it deserves(hopefully it does get the reach) it'll always be close to my heart and motivate me to work harder and spend smarter.
I still drive my old CT100 which I bought when I came to Chennai back in 2004... it motivates me to continue the grind.
Thank you so much sir
I am a 18 year old boy who was demanding an iPhone 13 pro max from his dad but today after watching your video i realised that it's not my need instead it's my want and i dont want to fullfill my want from my dad's money so thank you for showing correct path and opening eyes of many youngsters
respect my friend
This quote from Fightclub has saved me a lot of money:
We buy things we don't need.
With money we don't have.
To impress people we don't like!
Thank you for making this candid video. I am glad that you refused to endorse the partnership with the credit card company. Yes, you could have earned lakhs there. But you kept your principles above all. And now, you are earning the trust of lakhs of subscribers.
I am among the people who always go through your opinion before buying a phone!
I recently watched a few of your old weekly talks!! related to starting work early and others...I really enjoyed them, now soo happy to see this kind of video again..please continue this series...😇
Really great to see such sort of videos, really appreciate your honesty and that’s the only reason why I always wait for your review before buying anything . Cheers to one of the most honest and genuine tech expert🥂
That's a very good advice, I personally prefer to buy on EMI only if I have the full amount for outright purchase. I go with EMI only if I am getting any additional offers/ discounts/ freebies, etc.
Agreed. When you can afford a product outright and still see offers or no cost EMI option, why not go for it. But you should also ensure that you invest your amount elsewhere to gain returns. Else, with inflation, the value of that money goes down.
Hello sir, thankyou for bringing this up. My father follows the exact same philosophy. And one benefit of you waiting for 4 ½ years for the BMW 3 series was that you got the newer G20 instead of the older F30. And yes we would like you to speak on such topics. Thankyou 😃
Although you're younger than me, But the advice you gave today was simply eye opening for everyone. Take a bow my friend may god bless you with good health and prosperity. 🙏🙌
Thanks you Sir.
Hello sir. Being a doctor I can relate to the discussions which u make is absolutely practical. That’s how life goes, we never know how life is gonna surprise is in terms of natural calamities or situations like these which needs funds to support us. Postponing the gratification is always a way forward in the future.😊😊😊
(old viewer) You need to make more videos on topics like these. I am still using realme 1 (purchased after watching your review) because it's still working well. Last year my friends for saying to me to buy a new phone and I could have purchased it in cash because luckily I am doing internships and since I was 18 (22 now) but I learned digital marketing instead of buying a phone and god I am happy with my decision. After the course ended I got a job even before graduating and that added 1 year of experience in my academic profile and I have a (touchwood) good portfolio of stocks now because I did sips. planning to make my profile even stronger for good-paying jobs and high-ranked universities for MBA. (phone is still working fine) 🙂.
Even i have Realme 1....lags sometimes in heavy tasks but overall still works like a champ. Maybe because this was the first phone of realme and they wanted it to be good but I don't think so I can expect the same from today's realme smartphones.
I bought Redmi Note 4 in 2017
I felt the want of new device in 2019 because of the PUBGM hype at that time but I suppressed
Now it's been 5 and half+ years and this device is still going strong.
I'm soo happy I found the world of custom ROMs.
It really makes devices live forever and appreciate it even more than the OEM software.
I didn't even know when the video ended, a really helpful video for me as a youngster and thanks for understanding the difference b/w DESIRE & NECESSITY also about EMI & LOANS . Really want such kind of more videos.
My Favorite line:
"Control your Desire , it will be helpful further in making other decision".
Thanks Sir 🙏
Ranjit sir I've been following you since 2012 i guess, and since then I've always felt that you've been really genuine and clear. After watching this video I realised those small mistakes I made early in my career taking up small emi's and have actually corrected myself in the course time. But again this video today was something that was needed from you and I believe you sharing your life experience and how soo many people out there relating to this and also learning from this adds to your genuineness!
Awesome finance lessons , many more life lessons to be learnt from you sir !! Thank you so much sir
Ahhhhhhh Weekly Talks,
Old subscribers will feel really good today ❤️😃
haha.... you remember those was watching some of the older Weekly Talk videos I look so young in them :)
@@GeekyRanjitRidesVlogs
Yes, I very well remember 😄
Yes, you look pretty young in those videos 🤭
@@GeekyRanjitRidesVlogs i still remember your Ranveer Kapoor colab
If you uninstall shopping apps it can also save some bucks... Install it when u want to shop and aftr shopping uninstall app... Loved your blogs sir... Frankly ple take it in positive way, it is much better than review vdos... You speak your heart in blogs.... Love your blogs sir
To be frank I don't have any shopping apps on my smartphone! I just use the website when I need to shop.... hate installing those apps on smartphones keep sending necessary stuff notifications.
It's really admirable that you have great values Ranjith 👏🏻👏🏻
Right on point. What I plan on doing is, instead of buying a phone on EMI, I ll buy a phone I can afford, and then immediately start investing in an SIP of about 1k per month only for phone. The phone should easily last around 2 years, which means I ll have atleast 24k(even more if you include compounding) after two years due to this SIP. Then I ll have sufficient money to buy a new phone with this money. Repeat. I read this strategy on a nice personal finance article.
You'll also have the motivation to keep using your phone as you can buy a better phone if you use the current phone for longer time.
Is your dream phone 5k more than your funds? Easy, just use your current phone for 5 more months and you can afford it.
The good old days of weekly talks! Please continue this series on this channel.. It really refreshed many memories.. Thank you, sir!
Always been an avid follower of yours since the early days, and continue to be so. Your humility, honesty, and simplicity in the content you create are what I am inspired by the most. Thank you so much for inspiring an entire generation.
Thankyou for sharing your valuable life experiences with us. This helps a lot of people especially students like me who have a desire to buy fancy things. My father also teaches me the same thing you are sharing with us and he also follows the same principle of buying things upfront rather than on loans. This type of valuable experiences will help to shape our careers in a positive manner rather than piling loans on ourselves. Happy to see your videos since 4 years. Kudos to you for sharing vital information rather than run for money/ views on youtube.
I totally agree and follow the delayed gratification method every time my brain falls in love with a costly gadget or vehicle.
It has helped me in a lot instances. After delaying it, i always end up realizing that i don't really need it after all.
One doubt or suggestion i have is, if i can afford the full amount with me, why can't I still go for loan, you do end up paying the interest , but then over the duration the amount's value reduces and would be negligible. Also, if you put that bulk amount in a good low risk fund or share, you get that added benefit as well.
Geeky Satsang 😂😂🔥🔥🙏🏻🙏🏻
I agree with all points but a small addition.
Think about this, having a ktm duke 200 at 25Yr(on emi) vs a Hayabusa at 40y. We cant 'enjoy' as much at 40... but this can't be applied for all items...1 or 2 items are ok...after all we need to 'live life'
Ranjit sir please make more videos likes these. And please make more videos riding your motorcycles, somehow we feel more connected to you this way.
buy a smartphone of that price only which if breaks/lost/stolen/bricked etc. then you can buy a new one immediately.... because bike/cars can be repaired if anything happens
but smartphones we know how difficult it is to get reliable outcomes if anything goes bad, everything relies of seller/manufacturer's wish
Once u become addicted to EMI you can never come back from that .so always carefull about that .unlike online payment apps .now days we all are doing payment thatwhy we cant save single penny in our account .
Yeah so true and the sad thing is I am noticing lot of people now getting into this trap of EMI for even silly purchases.
Yes you should do these type of videos. Next video should be about all the streams u tried till now to earn and what's ur mindset like... Apart from running a tech TH-cam channel.. been watching u since 2017 and I absolutely love ur videos. Now I'm almost sure of my tech purchases that it's the best value for money.. just because of you.
This is the reason I subscribed this gem person on the TH-cam for tech knowledge not that super laalchi technical guruji aka Gaurav
Hi Ranjit,
Appreciate for bringing up the topic and educating your subscribers.
These days youngsters get into trap of buying flashy things, just bcoz some random TH-camr has told it's good.
A lot of things strike my mind too but the thing which mostly came that you and my father both have this of not taking a loan. my father too have no loans on his head. he simply hates loan. 3 years ago went to buy a car and it costed around 8 lakh. he took a loan i guess not much but paid the full amount within a year. i understand his saying now through your sayings. and we could have easily purchased 20 lakh plus car but we stick to our needs and not want.
Though the motive and intention of this vlog is appreciated , dear Ranjit you have been an indirect influencer of luxury be it your headphones,TV,Refridgerator,Mobiles, watches and now automobiles .If your intention was not to propagate luxury, then it means you're bragging with the so called toys of material desire. Yes its personal and you have all the wholesome right to possess all these but why make an ugly display of it to the subscribers of your channel who are students and youngsters who are on their first job. I have been a your subscriber for the past 7 years and am a big fan of your honesty, sincerity and uncompromising integrity in every review of yours but with a bleak increase in subscribers for the past 2 years your concept has c hanged drastically wherein you opted for a new channel to showcase your toys to prove the disdaining concept of lifestyle. you only opt for a luxury brand for the sheer intention of showcasing and displaying deplorable snobbishness and that's why everyone in this country is opting for luxurious commodities and not for value despite realising the depreciation aspect of it. still cant get your philosophy and preachig. and you made us believe in your nuances of financial planning by your luxurious toys which turns out to be a farce for the initiated ones of the mob. if you could have made vlogs to share your lessons in financial planning which enabled you to buy these toys that should have inspired the subscribers to consider you with a commendable value and desired aplomb. hope you're getting my message. kudos to your traits and best wishes.
Ranjit Sir, really loved this video. The advise provided is really valuable. I have one doubt. Recently I started earning better salary after working for 4-5 years. I struggle to find the right amount which I can afford to spend by still maintaining good savings/investments. I believe now is the time to save more money so that money itself can bring me more money in the future. Please advise me on how to determine our affordability for both needs/wants if possible. Thankyou.
I think its pretty obvious. For eg, you earn 2L per month. At least 40% of your salary you should not touch. Just put it straight into your savings. In the rest 60%, you can have 40% for your monthly expenses, which will leave you 20% of your salary. In which, you can spend 5 - 10% for your wants (desires), and the rest 10 - 15% for spending per month or that also can be put into savings. This depends upon your earnings. Your affordability on your needs and wants totally depends upon your earnings. Hope this helps you :)
Thing with debt is "People end up buying stuff they don't need with the money they don't have"
The danger or emi culture is very true' .even the bite of the apple craze has gone beyond ruining soo many youngsters life even before the first half of their salary rise in first job .
its been 6 years since i started watching ur videos sir, You are one of rare persons who talks very honesty and true reality which is rare now a days. Keep going sir. :)
14:18 onwards... Mad respect sir.
Thanks for mentoring us about savings and how to delay our wants in the times were everyone wants to showoff cars and gadgets.
Feeling amazed to be a part of Ranjith sir youtube family. The lessons and values shared is very heart touching and sure will follow the same sir🙏🏻
If you can't buy 10 of them you can't afford 1 of them
Hey Ranjit, every time you start a video saying "this is a different kind of a video", the videos have been way way way better and more educational than any other video. I like your regular tech videos, reviews,etc as well but these "different kind of videos" no one is making them, and me as a young viewer, these videos are ultimate wisdom for us in some manner. I would suggest you to continue making such videos at least once every month in either of your channels.
adding my 0.2 cents : people these days get influenced by social media to buy these products ,But the people promoting them usually show these things as business expense and get input tax credit + depreciation benefit thus usually getting most of their money back unlike most salaries people
Much needed info for this generation youngsters, Thank you so much ranjit sir for constantly inspiring us. 😊
Agreed with you and I also follow the same. I bought my car after I saved all the amount. I did not take a single rupee in loan. There is no end to desires, it keeps growing. So, we have to keep in mind what we need and what we want. You really passed on a very good message on this video.
For mobile phones, I agree with what Ranjit said. Although for cars like BMW which costs around 80 lakhs, I'd say not to buy them by paying all the amount you saved. Keep those funds with you. Maybe put 50-60% on down payment and buy the car on loan. This is for any health emergencies that may come up.
If you have already been saved for health emergencies, then it's up to you.
can you please talk about no cost emi in some future video.
Thank you for this video sir. These kind of weekly talks will be very beneficial for youngsters like us.
RESPECT 🙌
The only person on youtube Who CAN THINK.
AND have the guts to say out loud WHAT'S RIGHT.
🙏🙏🙏🙏🙏
💯
A question ranjit, you told that you have saved up around 15-20L for BMW. How did you keep the money? Was money just lying in the bank or did you invest in a liquid fund?
Nope I invested most of them in Equity Mutual Funds.... I have been investing for quite some time so used to them. Liquid funds don't give you that much return, I know I took a bit of a risk but it was a calculated risk I took based on my past equity investments.
My faher gave me the same advice 2 years back
I got your point, but there must be a balance between age and saving money. You cant enjoy these bikes and cars at old age.
India me Financial education k naam pe to kuch hai hi nhi...Thanks! for sharing. 😍
Can you make a video in detail how did you make money when you were just 18 years old ? Like what skills did you have and how to get a client, etc.
You explained the concept of needs and wants better than any financial channel on TH-cam
Man It’s all experiences 🥺
I am studying finance and I totally agree with you on most of the points you make , spending on gadgets by taking loans unless you absolutely need it for work is stupid.
But I believe you can take loans for buying expensive stuff if you can by it without the loan in cash and you have opportunities to invest that cash in places that will generate more return than the interest you pay on the loan and remember loan interest is tax deductible.
Just remember guys loans is a high risk high return strategy .
Analogy time : Operating without loans is like driving at 25km/h you will not reach you destination quick but will probably be safe and if something untoward does happen it will be minor .
Operating with loans is like driving at a 100km/h ( increase or decrease the speed according to your liking depending on the amount of loan) you will reach fast , its riskier , higher chance of accident and if there is an accident it will be severe
Yes necessity vs want... ❄️ ...
Very practical one 🔥🔥
indeed the world is stuck in a debt trap.. excellent video sir, loved your thoughts and looking forward to more such videos on personal finance and investment
No sir, For cars we have to take a loan bcoz of Income Tax stuff. I think loan is a good option for Cars, Bikes etc if you are gonna keep them for 8-10 years.
Yes...it's true ... I've my lenovo A7000 mobile(2014)...still running great... I'm differentiated between necessity and want... your absolutely right...as a consumer you should be wise.
Great information bro❤️
Hello Ranjit Sir,
I love your videos and very dependent on your honest opinion on gadgets.
To be honest, I would disagree with your point for education loans. The current education system is very competitive and exploiting in my honest opinion. Educational institutions claim courses to be of "great value" and advertise rigorously to get more potential cash cows in name of students. They claim great brand value in their Institution in terms of placements and charge exhorbitant fees. But in reality the placement we receive are pure rubbish and tarnish our skill value in terms of job role and compensation. Students to avoid forming a big dent in their parent's finance, they tend to take education loans and these loans are not cheap with minimum 11 to 16% interest rate.
I would suggest take the same approach one would take for a vehicle loan. Look if t he Institution and it's course is really viable to take an education loan. Else in your young life you will be trapped in financial burden and won't be able to properly save for future to supposedly buy a house or for family planning.
Great thoughts as always
Please continue this weekly talks series.
It would be wonderful to know about your personal experiences & wisdom.
Always buy something because you genuinely like something & find it useful, NOT TO FLAUNT IT.
I have a new 125cc scooter. It costed me ₹1.13 lakhs (still costs less than the iPhone 14 Pro LOL) and it works just fine! But most of my friends buy super fancy bikes that cost ₹2+ lakhs.
Don't buy anything you can't afford.
Exactly, i have seen people buying expensive bikes (just to show off) then crying about average, petrol price, costly spare parts, service cost and stuff like that.
@@zetorxa current 2 lakh bikes cost 1.2lakhs just 2-3 years back.
I have been following you since I was a 6th grader (lol) in 2014. It all started when I had to suggest my mom for her first smartphone and I stumbled on your Moto E video, and now I am about to buy my first bike in a few months! Really loved and inspired by the clarity of thoughts on expenditure, like a wise uncle sharing his experience and knowledge. Respect you a lot sir!
let's do it in every week on sat really enjoyed it
You always rock !! I have never bought a smart phone without your consent. An I am typing from my 11th Smart phone. Following you from the days of 2010/11
True words sir..
M waiting for 2 more year n buy my 600 cc sup bike seg..coz i also don’t like taking loan & loan and etc makes us into depression etc..better is wait n buy just like u said ..full cash n ..njoy..coz we wrk for it..rather than taking loan and working for loan payments..
One of best TH-camr
This feels very deep to me. I'm 25 right now and can easily afford a bike and start riding. However, I need to change my career path and don't know how long will it take me to get financially stable again. So I delayed my desires but hoping to achieve them soon. ✌🏻 ✨
That's a very mature decision my friend. Best of luck for your future.
@@GeekyRanjitRidesVlogs Thank you so much sir, this means a lot to me. 🙏🏻
As an 22 year old I learnt a lot from this video thank you Ranjit sir
Kudos to Ranjit, You are very honest, I follow this video. Please make these such videos. 🙏🙏🙏
Glad you made this video sir! as a 17 year old starting to earn money didn't knew how to manage money. Very helpful.
Started behind Financial District, Gowlidoddy then took a turn from Thanda....Nice.
My mantra is that i will buy an iPhone only when I earn atleast 2 times of it per month. Also I think even if u have the money to pay upfront i think u should still go for emi (no cost) that would delay the outflow
Thanks for enriching everyone with your thoughts. I hope people that are/going to earn good salary learn how to manage your desires and finance, especially the people who themselves or their family has not seen such huge salaries. Our schools don't teach us how to keep away from this extortion racket from the system. Thanks again!
I was planning to buy ktm rc 200 but now my thoughts are changing... I'll choose my bike for my needs not for my want......
Decades back I saw an American show where the financial expert told something which remained with me till now. She simply said "if you can't buy something with cash, you really can't afford it".
keep doing these kind of videos sir. very inspiring and helpful to young generation. This video completely changed my perception.
OH woow! Such a great advice to all the youngster and even to elder ones. We need this kind of videos for sure sir!!!!!!!!
Hey Ranjit, why don't you change the mirrors of your bike, I think handlebar mirrors (like Ducati scrambler) would make the bike more visually attractive. Thoughts?
Hello Ranjit Sir , Congratulations for 35k subscribers.
Very Nice and Informative Video & Nice Concept.
😊😊👍🏼👍🏼✌🏼✌🏼
Thanks for this advice as starting my SDE journey I will follow this
these are not just weekly talks these are experience and wisdom he gain over past 26 year .we would love to see these kind of vedio more, thank you for sharing
Missed this old weekly talks😊
Completely agree with you. Thanks for this video.
Really appreciate your words of wisdom and high level of ethics.
I don't agree.. Invest the money somewhere and buy stuff on loan.. EMI rates are 7-9% and average return on mutual fund investments in atleast 10-12%.. So 2-3% is your profit.. Also instead of giving whole money to car or bike company, keep it for emergencies.. Loans repayment can wait But severe health issues will not..
My cousins only buy things that are affordable to them
Which they won't mind even if they pull the crap out of it
And guess what their affordable car i m talking about is Bmw x5 M30d 😅🤣 Mercedes Gla 200d and Bmw 520d
One day I literally saw their x5 covered in full mitti in their open garage (because it was just standing their for a week) and guess what,i had a stroke 💀🥲
Mere pass hoti toh jaan se badkar care karta 😂
GG, our thoughts overlap. I bought jupyter 125 without EMI for my office commute
Thank u sir, for sharing such an valuable insight.❤
How will be YEZDI ROADSTER ( Testdrive was amazing. ) need to know how it will be in the long run! Pls help me! Any one?
What a great informative video sir.. Thank you very much sir....